Crocs, the maker of hole shoes, has seen its share price rise more than Apple in the past year.And TeslaAnd other well-known companies, some experts believe that this stock has more room to rise.
Founded in 2002, the company has so far sold more than 700 million pairs of shoes in more than 90 countries and regions, making it one of the top 10 non-sports footwear brands in the world.
Over the past year, the company's shares have soared 266.9 per cent, compared with 58.1 per cent for Apple and 114.6 per cent for Tesla.
Lido Advisors chief market strategist Gina Sanchez (Gina Sanchez) believes that the footwear retailer's share price may have more upside.
"compared with other retailers, especially footwear retailers, they are very cheap," Sanchez said. They expect a lot more growth, which has not yet been reflected in the stock price. "
Sanchez pointed out that Carloch not only targeted what she called the "natural regeneration" of the children's market, but also expanded the retail line of the adult market.
Bill Baruch, president of Blue Line Capital, bought Carloch shares during a sell-off caused by COVID-19 's epidemic last year and first noticed the stock in 2019, praising the company for "doing everything right".
On the technical side, he believes that if the stock falls to a low of $92, it will be the biggest buy signal, which is unlikely to happen at the moment. Baruch believes that the more likely pullback is below $120. "if the stock price falls below $120, we can buy it between $110 and $120."
Carloch's shares fell 0.49% on Friday to close at $131.29. The company earned $2.23 a share in the second quarter of this year, up 120.8% from a year earlier, and sales reached $640.8 million.